bonded warehouse

Definition of "bonded warehouse"
  1. A storage facility approved by customs where goods await duty payment before removal
How to use "bonded warehouse" in a sentence
  1. The imported goods were stored in the bonded warehouse until the company paid the customs duty.
  2. To avoid immediate payment of customs duties, the trader decided to keep his goods in a bonded warehouse.
  3. The bonded warehouse is a practical solution for businesses needing time to arrange for duty payment on their imported goods.

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